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Freddie Mac

BUSINESS
August 29, 2013 | By E. Scott Reckard
Fixed mortgage rates backed off this week from a two-year high, Freddie Mac said Thursday, with lenders offering the 30-year home loan at an average of 4.51% compared with 4.58% a week ago. The 15-year fixed-rate mortgage averaged 3.54%, down from 3.6%, according to Freddie Mac. Starting interest rates for popular types of variable-rate loans were up slightly, the McLean, Va., housing finance giant said. Quiz: Test your knowledge of California's economy Freddie Mac, made a ward of the government during the financial crisis, asks lenders early each week about the terms they are offering to solid borrowers with 20% down payments who pay less than 1% of the mortgage balance in upfront fees and points to the lenders.
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BUSINESS
March 28, 2013 | By E. Scott Reckard
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac 's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those refinancing homes -- rose from 2.72% to 2.76%, the home-finance firm said Thursday. The starting rate for loans that are fixed for five years before becoming variable rose to 2.61% from 2.68%, the survey found.  QUIZ: How much do you know about mortgages?
BUSINESS
March 12, 2010 | By E. Scott Reckard
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. The mortgage giant's weekly survey asks lenders what rates they were offering -- and the upfront fees they would charge -- for borrowers with good credit and a 20% down payment. Upfront fees averaged 0.7% of the loan amount. The average rate offered on 15-year fixed-rate mortgages, popular as a refinance loan for borrowers wanting to pay off their mortgages faster, was 4.32%.
BUSINESS
May 3, 2012 | By E. Scott Reckard
Stop me if you've heard this before, but mortgage rates are again at record lows, with lenders offering 30-year loans at an average of 3.84%, Freddie Mac's weekly survey shows. That's down from 3.88% last week and a previous record low of 3.87% in February. All of the rates would have seemed unimaginable as recently as 2008, when the 30-year rate averaged more than 6%, or 2009, when the typical rate exceeded 5%.  The 15-year fixed mortgage also dropped to a new record, according to Freddie Mac, the big government-supported loan buyer.
BUSINESS
March 6, 2014 | By E. Scott Reckard
The cost of a home loan dropped early this week on less than robust news about the economy and housing, with Freddie Mac reporting that the average interest rate for a 30-year fixed mortgage was 4.28%, down from 4.37% a week earlier.  The average for a 15-year fixed mortgage was 3.32%, down from 3.39%, Freddie Mac said Thursday in its weekly survey of what lenders are offering to solid borrowers. The average start rate for a popular type of adjustable mortgage with a fixed rate for the first five years edged down from 3.05% to 3.03%.
BUSINESS
April 13, 2012 | By E. Scott Reckard, Los Angeles Times
Mortgage rates are sharply lower on news of a weakening job market, with the 30-year fixed loan averaging 3.88% this week and the 15-year fixed at a record low of 3.11%, according to Freddie Mac. The average for the 30-year loan was down from 3.98% a week earlier, Freddie Mac said in its latest weekly report. The 15-year mortgage, popular with refinancers seeking to pay off their loans, was down from 3.21% a week ago. Its previous record low of 3.13% was set March 8. The start rates for adjustable mortgages were little changed.
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